Trend Lines
this WEEKLY candle could decide upcoming direction!!As we can see BANKNIFTY has already started to show signs of sluggishness heading towards important supply zone and trend line which has been respected by market multiple times hence any DOJI kinda candle near this trend line then we may expect BANKNIFTY to start new trend which is downtrend but if breaks and sustains then we may see 100000++ till new financial year so plan your trades accordingly.
Nifty Intraday Analysis for 24th September 2024NSE:NIFTY
Index closed near 25940 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
26000 Strike – 70.03 Lakh
26500 Strike – 52.94 Lakh
26200 Strike – 50.13 Lakh
Put Writing
25500 Strike – 86.69 Lakh
25700 Strike – 62.15 Lakh
25800 Strike – 57.34 Lakh
Index has resistance near 25950 – 26050 range and if index crosses and sustains above 26050 level then may reach near 26200 - 26250 range.
Index has immediate support near 25800 – 25700 range and if this support is broken then index may tank near 25600 – 25500 range.
Banknifty Intraday Analysis for 24th September 2024NSE:BANKNIFTY
Index closed near 54105 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
55000 Strike – 24.29 Lakh
54000 Strike – 20.34 Lakh
54200 Strike – 14.82 Lakh
Put Writing
53000 Strike – 29.52 Lakh
55500 Strike – 24.23 Lakh
54000 Strike – 22.09 Lakh
Index has resistance near 54200 – 54300 range and if index crosses and sustains above 54300 level then may reach near 54500 – 54600 range.
Index has immediate support near 53700 – 53500 range and if this support is broken then index may tank near 53000 - 529500 range.
Finnifty Intraday Analysis for 24th September 2024NSE:CNXFINANCE
Index closed near 24955 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25200 Strike – 23.52 Lakh
25500 Strike – 22.33 Lakh
25000 Strike – 17.18 Lakh
Put Writing
24500 Strike – 15.88 Lakh
24800 Strike – 15.70 Lakh
24700 Strike – 13.21 Lakh
Index has resistance near 25000 - 25050 range and if index crosses and sustains above 25050 level then may reach near 25200 - 25250 range.
Index has immediate support near 25650 – 24500 range and if this support is broken then index may tank near 24300 – 24200 range.
Midnifty Intraday Analysis for 24th September 2024NSE:NIFTY_MID_SELECT
Index closed near 13200 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13200 Strike – 6.97 Lakh
13300 Strike – 4.16 Lakh
13400 Strike – 2.46 Lakh
Put Writing
13200 Strike – 5.95 Lakh
13000 Strike – 3.63 Lakh
13100 Strike – 3.12 Lakh
Index has immediate resistance near 13200 - 13300 range and if index crosses and sustains above 13300 level then may reach 13450 – 13500 range.
Index has immediate support near 13100 – 13050 range and if this support is broken then index may tank near 12950 – 12900 range.
Adaniports aggressive upside moveAdaniports forming nice aggressive upside pattern. We cant ignore that. After big candle of election time. It has never stoped. This is weekly time frames to demo you past breakout too. Keep in radar for the quarter period. Follow the given target levels. Immediate short term target should be 1600. Then based on fibo extension more upside visible till 2000. 1440 will be SL for this trade. On the other hand cargo volumes & exports imports rising fuels the demands. Very fundamental subject.
Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
LLOYDS Entp ltd; Ready to shoot up; min 80-100% RoiHuge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
Follow for regular updates✌️
.
.
Very close Stoploss is Enough
.
Wait for small retracement & daily candle to close above - "42"
.
This may be Slow and Time taking stock, but good for investment Portfolio.
.
.
Enter after market Breaks
"Yellow box" mentioned.
.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Refer over old posted idea attached below.
GOLD SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
#banknifty - 24th September !Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall.
Support:
-Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further.
- Indicators: Support levels can be identified through historical price data, trend lines, or moving averages.
- Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level.
Resistance:
- Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further.
- Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages.
- Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level.
Importance:
- Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets.
- Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand.
Understanding these concepts can enhance trading strategies and improve decision-making.
BANKNIFTY heading towards important level now!As we can see BANKNIFTY had been unidirectional in nature breaking new highs every other day. Now following the trendline we can see a strong supply zone around 54300 levels which had been respected in weekly time frame and hence we can expect some rejection from that levels too so plan your trades accordingly and keep watching everyone.
TATA MOTORS 1DKey Levels:
Order Block (OB): ₹980 to ₹1,011
This is the zone where buyers previously stepped in and the price has reversed from it. It serves as a demand zone or a strong support area.
Liquidity Zone:
Below the OB, liquidity was grabbed, suggesting that weak hands might have exited, and stronger players have entered.
Resistance/Target: ₹1,141.75
This is the target drawn on the chart, likely based on previous highs.
Current Price: ₹992.10
Observations:
Bullish Structure: Price has bounced from the OB and the liquidity grab zone, indicating a potential bullish reversal. The bounce suggests that institutional buying may have occurred.
Break of Structure (BOS): If the price clears ₹1,011 (the top of the OB zone), it would confirm a bullish break and increase the likelihood of an upward continuation toward the ₹1,141 target.
Upside Potential: The marked target of ₹1,141.75 offers an upside potential of approximately 16.6% from the current price level.
Swing Trade Setup:
Entry:
Aggressive Entry: Around current levels (₹990–₹1,000), given the bounce from the liquidity zone.
Conservative Entry:
Upon the price breaking and holding above ₹1,011 (the top of the OB), indicating more confirmation of bullish momentum.
Targets:
First Target: ₹1,060 (interim resistance level).
Final Target: ₹1,141.75 (as per your chart's target level).
Stop-Loss:
Below ₹980 (to avoid being caught in another liquidity sweep).
Ideal stop-loss could be placed around ₹970 for a safer risk management setup.
Risk-to-Reward Ratio:
If entering at ₹1,000 with a stop-loss at ₹970 and a target of ₹1,141.75, the Risk-to-Reward would be approximately 1:5, which is a
favorable trade setup.
Strategy:
Hold Position: If the price consolidates within the OB zone, hold as long as it stays above ₹980.
Exit or Reassess: If the price drops below ₹970, consider exiting the position to limit losses.
This setup presents a strong opportunity, with good risk management and high potential for gains.
#DEEPAKFERT Ready for Another Bull Run !🚀 Stock Alert: #DEEPAKFERT Ready for Another Bull Run! 🚀
📈 Momentum Building: In the recent session, we've seen a huge volume build-up, and #DEEPAKFERT is making a strong rebound after taking support at the 50-day moving average. The momentum suggests it's set for another bullish run, making it a strong candidate for a swing trade. With the recent massive bull run in chemical stocks, this one is worth watching! 🔥
💡 Keep #DEEPAKFERT on your radar for potential breakout opportunities! 👀
Target: 1190-1200
Stop Loss: 980
Trade Risk Free Exit (20-30%): 1115
📢 Disclaimer: This post is for educational purposes only. Always do your own research before making any investment decisions. 💼
#StockMarket #Trading #InvestSmart
#GODREJPROP on the Rise! Pre Breakout entry#GODREJPROP on the Rise! 🚀
📈 Gearing up for a Breakout: The last two three trading sessions have shown significant momentum with good volume, and #GODREJPROP is now trading above the 50-day moving average. The momentum is strong, signaling a potential bullish run ahead also the Reality index having the same momentum🔥
💡 This makes #GODREJPROP a top candidate for a swing trade. 📊 If you're looking for opportunities, keep an eye on this one! 👀
💼 Trade smart, and stay ahead! 💪
#StockMarket #Trading #InvestSmart
Target: 3650-3700
Stop Loss: 3033
Trade Risk Free Sell (20-30%): 3370
Nifty Intraday Analysis for 23rd September 2024NSE:NIFTY
Index closed near 25790 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
26000 Strike – 63.78 Lakh
25800 Strike – 55.14 Lakh
25700 Strike – 50.90 Lakh
Put Writing
25500 Strike – 76.37 Lakh
25700 Strike – 55.95 Lakh
25600 Strike – 47.80 Lakh
Index has resistance near 25950 – 26050 range and if index crosses and sustains above 26050 level then may reach near 26200 - 26250 range.
Index has immediate support near 25500 – 25400 range and if 25350 support is broken then index may tank near 25100 – 25000 range.